NextGen Day

The Bureau of Internal Revenue (BIR) said it would accelerate its efforts to combat the country’s illegal tobacco trade.

On the margins of the Global Anti-Illicit Trade Summit on Thursday, BIR Commissioner Romeo Lumagui Jr. stated that tobacco products are regarded as a significant category of smuggled commodities.

“Tobacco is losing a lot of money. And that’s also one of the key reasons we aren’t meeting our excise tax collection objective, according to Lumagui.

According to Lumagui, BIR recorded a 20% shortfall in the excise tax collection for the year’s first four months.

He claimed that tobacco was responsible for a sizable portion of the shortage.

According to data from the BIR, the excise tax collection target for the first four months of the year was PHP112.37 billion, even though Lumagui did not give the precise amount.

However, Lumagui was confident that they would be able to make up the difference.

“We’re doing our best, and I have faith that in the months ahead, we’ll succeed. We’re making every effort. The man declared that we’ll keep conducting raids and filing lawsuits regarding illegal trading.

BIR is presently negotiating with online marketplaces to stop selling these illegal goods as part of its efforts to curb the illicit tobacco trade.

“We’re working together to find a solution to the growth of illegal goods on their platforms, and we expect to do so soon. The goods being sold there ought to be taken away. They ought to monitor their platform, he suggested.

Additionally, according to Lumagui, border controls must be strengthened, inter-agency coordination between the nation’s law enforcement agencies must be improved, a thorough legal framework for the sale and trade of goods on both traditional brick-and-mortar stores and online marketplaces must be developed, and the relevant laws and regulations prohibiting illicit trade must be strictly enforced.

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